I like it – some of the major players in the ethanol industry are proposing an end to the blender tax credit.
That’s got to be a first – an industry saying it’s time to end its subsidy.
Maybe now National Public Radio will get off ethanol’s back.
And the Tea Party ought to be happy.
Growth Energy suggests shifting the blender tax credit – which now goes to oil companies to encourage them to buy and blend ethanol with their gasoline – to auto companies to make flex fuel vehicles and to fuel retailers to install blender pumps.
Their idea is that ethanol can make it on the open market without a direct subsidy.
It’s about time.